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Daily Dispatches
Travelogue from London and Munich
Submitted by cpowell on Thu, 2014-12-11 05:56 Section: Daily Dispatches11:57a CET Thursday, December 11, 2014
Dear Friend of GATA and Gold:
As oil falls against gold, mining profitability will improve, Leeb tells KWN
Submitted by cpowell on Thu, 2014-12-11 04:59 Section: Daily Dispatches11a CET Thursday, December 11, 2014
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tells King World News that a steady-to-rising gold price against a collapsing oil price likely means greater profitability for gold mining companies. An excerpt from Leeb's interview is posted at the KWN blog here:
HSBC fires head of forex trading in London
Submitted by cpowell on Wed, 2014-12-10 07:42 Section: Daily DispatchesFrom Dow Jones Newswires
via The Australian, Sydney
Wednesday, December 10, 2014
HSBC Holdings Plc has dismissed Stuart Scott, its London-based head of currencies trading, in connection with the global investigations that have led to the bank paying $620 million in fines on both sides of the Atlantic, according to a person familiar with the matter.
So who's making the movie about central banking?
Submitted by cpowell on Wed, 2014-12-10 07:34 Section: Daily DispatchesInvestors Tapped to Fund Gold Fraud Film
By Ben Bland
Financial Times, London
Wednesday, December 10, 2014
JAKARTA, Indonesia -- Two of the world's toughest mining tycoons battle it out with a star geologist, a chancer, and a dictator's children for control of one of the world's largest gold discoveries in the heart of the Indonesian jungle, until it is exposed as a huge fraud.
Indian households said to spend 8% of daily consumption on gold jewellery and coins
Submitted by cpowell on Wed, 2014-12-10 07:27 Section: Daily DispatchesFrom The Times of India, Mumbai
Wednesday, December 10, 2014
KOLKATA, India -- An Indian household spends 8 percent of its daily consumption on gold jewellery and coins, which is only marginally behind medical expenses and education, according to a joint report by industry body Ficci and the World Gold Council.
Mexico vows to sell dollars to halt peso's slide
Submitted by cpowell on Wed, 2014-12-10 07:21 Section: Daily DispatchesBy E. Eduardo Castillo
Associated Press
via ABC News, New York
Tuesday, December 8, 2014
MEXICO CITY -- Mexico is ready to intervene in currency markets to fight the peso's fall against the dollar amid concerns over dropping oil prices and a possible increase in U.S. interest rates.
Bron Suchecki: PBOC paper recommends leasing its reserves to manipulate gold price
Submitted by cpowell on Wed, 2014-12-10 06:19 Section: Daily Dispatches12:20p CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki today disputes Bullion Star market analyst and GATA consultant Koos Jansen's interpretation of a 2011 analysis of gold leasing written for the People's Bank of China. (Jansen's commentary is here: https://www.bullionstar.com/blog/koos-jansen/a-close-look-at-the-chinese....)
If a bank is too big, storing gold there is unsafe, von Greyerz tells KWN
Submitted by cpowell on Wed, 2014-12-10 02:54 Section: Daily Dispatches8:50a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Koos Jansen: Gold leased in China is not double-counted as in the West
Submitted by cpowell on Wed, 2014-12-10 02:48 Section: Daily Dispatches8:45a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Danish central bank will devalue without limit to match euro, deputy governor says
Submitted by cpowell on Wed, 2014-12-10 02:40 Section: Daily DispatchesDraghi Stimulus Draws Danish Pledge on Limitless Krone Defenses
By Peter Levring
Bloomberg News
Tuesday, December 9, 2014
COPENHAGEN, Denmark -- As Mario Draghi tries to pump as much as 1 trillion euros ($1.23 trillion) of liquidity into the euro area, a little nation on Europe's northern rim is preparing its defense of a 30-year-old currency regime.
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